HS Icon Ground-nut oil-cake and other solid residues

230500 (Harmonized System 1992 for 6-digit)

World Trade (2018): $50.9M, Rnk 4382 / 4726

Top Exporter (2018): $22.4M, Sudan

Top Importer (2018): $22.4M, China

Product Complexity (2018): -1.99, Rnk 4733 / 4873

Export Growth (CAGR)(2017 - 2018): 3.97%, Rnk 3448 / 4726

Mean Tariff (2018): 5.21%, Rnk 4006 / 6538

Share of World Trade (2018): 0.00028%, Rnk 4382 / 4726

Overview:  This page contains the latest trade data of Ground-nut oil-cake and other solid residues. In 2018, Ground-nut oil-cake and other solid residues were the world's 4382nd most traded product, with a total trade of $50.9M. Between 2017 and 2018 the exports of Ground-nut oil-cake and other solid residues grew by 3.97%, from  $49M to $50.9M. Trade in Ground-nut oil-cake and other solid residues represent 0.00028% of total world trade.

Exports: In 2018 the top exporters of Ground-nut oil-cake and other solid residues  were Sudan ($22.4M), Argentina ($6.76M), Belgium-Luxembourg ($5.62M), Nicaragua ($4.31M), and India ($4.24M).

Imports: In 2018 the top importers of Ground-nut oil-cake and other solid residues were China ($22.4M), Netherlands ($5.49M), United States ($4.23M), Chile ($3.75M), and France ($2.83M).

Tariffs: In 2018 the average tariff for Ground-nut oil-cake and other solid residues was 5.21%, been the 4006 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Ground-nut oil-cake and other solid residues are Iceland (52.7%), Bahamas (40.2%), Tunisia (36%), Algeria (27.6%), and Maldives (24.5%). The countries with the lowest tariffs are Angola (0%), Madagascar (0%), Mauritania (0%), Mauritius (0%), and Hong Kong (0%).

Ranking: Ground-nut oil-cake and other solid residues ranks 4733rd in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): Sudan, $22.4M

Top Destination (2018): China, $22.4M

Ground-nut oil-cake and other solid residues are the world's 4382nd most traded product.

In 2018, the top exporters of Ground-nut oil-cake and other solid residues were Sudan ($22.4M), Argentina ($6.76M), Belgium-Luxembourg ($5.62M), Nicaragua ($4.31M), and India ($4.24M).

In 2018, the top importers of Ground-nut oil-cake and other solid residues were China ($22.4M), Netherlands ($5.49M), United States ($4.23M), Chile ($3.75M), and France ($2.83M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Belgium-Luxembourg, $4.59M

Top Destination Growth (2017 - 2018): Netherlands, $4.59M

Between 2017 and 2018, the exports of Ground-nut oil-cake and other solid residues grew the fastest in Belgium-Luxembourg ($4.59M), Argentina ($1.41M), India ($1.2M), Nicaragua ($995k), and Brazil ($480k).

Between 2017 and 2018, the fastest growing importers of Ground-nut oil-cake and other solid residues were Netherlands ($4.59M), Chile ($1.71M), Vietnam ($1.52M), Guatemala ($764k), and Thailand ($583k).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Ground-nut oil-cake and other solid residues.

In 2018,  market concentration measured using Shannon Entropy, was 2.68. This means that most of the exports of Ground-nut oil-cake and other solid residues are explained by 6 countries.

Explore Visualizations

TOP NET EXPORTER (2018): Sudan, $22.4M

TOP NET IMPORTER (2018): China, $22.3M

This map shows which countries export or import more of Ground-nut oil-cake and other solid residues. Each country is colored based on the difference in exports and imports of Ground-nut oil-cake and other solid residues during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Ground-nut oil-cake and other solid residues were Sudan ($22.4M), Argentina ($6.76M), Belgium-Luxembourg ($5.49M), Nicaragua ($4.31M), and India ($4.2M).

In 2018, the countries that had a largest trade value in imports than in exports of Ground-nut oil-cake and other solid residues were China ($22.3M), Netherlands ($4.11M), United States ($3.44M), France ($2.81M), and Vietnam ($1.71M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Ground-nut oil-cake and other solid residues. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Ground-nut oil-cake and other solid residues was 5.21%.  The countries with the highest tariffs for importing Ground-nut oil-cake and other solid residues were Iceland (52.7%), Bahamas (40.2%), Tunisia (36%), Algeria (27.6%), and Maldives (24.5%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.